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Hi dear john sir, hope u r good at health. John sir guide me about the following. Point of confusion is abnormal loss.
A job requires 800 kilo material issued from stores at a cost of $6 per kilo. 60 kilo returned. A further 20 kilo were damaged in department and had to be disposed of this was treated as an abnormal loss.
What is direct material cost of job?
I found $6320 as abnormal loss should not be spread over good production
Are you sure that you have typed out the whole question (because it seems a very strange question 🙂 ) ?
Also, I am puzzled where you got $6320 from.
The job used 800 – 60 – 20 = 720 kg. At $6 per kg, this comes to $4320
hmmm, what a experience john sir, actually i typed really a part of question because i was stucked on a specific area which i typed here. I always like to save your precious time. Actully i typed here and solved the question on book to give you answer. Thanx alot i got it.
Hmm is my style when i agree with some one. Yes John sir i completely got it now. Thanx alot john sir, you are so kind. I am very much pleased that you are so concerned that you asked me Why hmmm.Thanx again. God bless you.
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